Randall is a leading business-to-business media and information company serving primarily the trucking and construction industries. Among the company’s publications and sponsored events are Overdrive, Equipment World, Truckers News, Commercial Carrier Journal and the Great American Trucking Show. Randall was founded in 1934 by H. Pettus Randall Jr. and its headquarters are in Tuscaloosa, Ala.
“We are very excited about the partnership with Randall-Reilly Publishing Co. and look forward to working together with management to support their vision for the next chapter of growth,” said Sean Smith, Principal of Wachovia Capital Partners.
The leadership of the new company will stay the same. Mike Reilly will continue as Randall’s CEO, David Wright will continue as Chief Operating Officer and Shane Elmore will continue as Chief Financial Officer.
“The resources and increased capital from this transaction with Wachovia will bring Randall additional opportunities to grow,” said Reilly. “We have already established a leading position within the trucking and construction markets and believe that by joining with Wachovia, we will be able to better serve our customers.”
About Wachovia Capital Partners
Wachovia Capital Partners is the private equity and mezzanine investing group of Wachovia Corporation. Wachovia Capital Partners has invested over $3.0 billion since its inception in 1988 and currently manages in excess of $750 million of direct investments. For more information, visit www.wachoviacapitalpartners.com.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with banking operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $532.4 billion, market capitalization of $73.9 billion and stockholders’ equity of $46.8 billion at September 30, 2005. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 13 million household and business relationships primarily through 3,138 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 702 offices in 49 states and five Latin American countries. The Corporate and Investment Bank serves clients in selected industries nationwide. Global services are offered through 40 offices around the world. Online banking and brokerage products and services also are available through Wachovia.com.
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